Salesforce Tops Estimates

Google agreement fuels stock gains

November 2017

Cloud computing giant Salesforce.com reported earnings on November 21 that topped analysts’ expectations and raised its revenue forecast for next year. Key factors for the favorable outlook are the recent agreement with Google for the companies to mutually use each other’s products and data, which will give Salesforce access to Google’s cloud infrastructure to expand its core services, as well as the increasing number of customers using Salesforce’s Einstein artificial intelligence analytics. Media reports noted Salesforce’s stock ended the day in record territory for the eighth time in the past twelve days.

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